Report Description

Rate

1

Pitch

1

The usage of electric power distribution systems has been rising due to
the increase in demand for electric vehicles and distributed energy
resources such as stored energy and renewable sources. The self-healing
grid is a system includes automated controls, advanced software, and
sensors that utilizes real-time distribution data to isolate and detect
faults and to reconfigure the distribution network. It assure grid
stability and improve reliability. These grid employ real-time
communication technologies and digital components to monitor electrical
characteristics. They can also provide numerous benefits that support an
efficient and stable system. Self-healing grid provides reaction and
real-time monitoring, which lets the system to continuously adjust itself
to an optimum state. Self-healing grid enables the system for more fast
restoration and to avoid the spread of interruption.

Cyber-attack security of electric utilities, adoption of legislative
mandates and government policies for smart grid technologies, and
mitigation of difficulty in distributed energy generation are key factors
propelling the self-healing grid market. However, low acceptance and high
initial installation cost of self-healing grid technologies in developing
nations are hampering the market. Nevertheless, innovation in communication
technologies and upgrading of aging grid infrastructure can resolve these
issues. Various technologies must be arrayed and integrated in order to
transform existing infrastructure into a self-healing smart grid. The smart
grid system contains micro grids, which are mostly self-sufficient power
systems. Self-healing grid is a system that encompasses automated controls,
advanced software, and sensors that can employ real-time distribution data
to identify, reconfigure the distribution network, and isolate errors.

The self-healing grid market can be segmented based on application,
component, end-use, and region. Based on application, the market can be
divided into transmission lines and distribution lines. Based on component,
the market can be bifurcated into software & services and hardware.
Hardware was a rapidly growing segment in 2016 due to the increase in
installation of several hardware components to make self-healing smart
grids. North America and Europe are anticipated to drive the market during
the forecast period due to the increasing deployment of hardware components
in these regions. Based on end-use, the market can be segregated into
private utility and public utility. The public utility segment is expected
to account for key share of the market in the near future as most public
utilities in countries such as India and the U.S. are likely to invest in
self-healing grid technologies.

North America is the leading region of the self-healing grid market due
to the increase in emphasis on grid modernization. The U.S. is estimated to
be the major country of the self-healing grid market in North America owing
to the rise in investment in upgrade of the gridding technology. The market
in Canada has been expanding owing to the increase in smart grid projects
in the country. Implementation of stringent government regulatory framework
is likely to further drive the market in North America. Asia Pacific also
presents key opportunities for the market, led by government regulators to
indorse grid upgrade. India and China are prominent countries in terms of
demand for self-healing grid technologies in Asia Pacific. Investment in
faulty detection systems and innovative grid infrastructure is anticipated
to augment the self-healing grid market in Asia Pacific. North America is
projected to be the major region of the market during the forecast period.
It is likely to be followed by Europe and Asia Pacific.

The report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report have
been derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and information
for every facet of the market, including but not limited to: Regional
markets, technology, types, and applications.

The report has been compiled through extensive primary research (through
interviews, surveys, and observations of seasoned analysts) and secondary
research (which entails reputable paid sources, trade journals, and
industry body databases). The report also features a complete qualitative
and quantitative assessment by analyzing data gathered from industry
analysts and market participants across key points in the industry’s
value chain.

A separate analysis of prevailing trends in the parent market, macro-
and micro-economic indicators, and regulations and mandates is included
under the purview of the study. By doing so, the report projects the
attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the
parent market

Important changes in market dynamics

Market segmentation up to the second or third level

Historical, current, and projected size of the market from the
standpoint of both value and volume

Reporting and evaluation of recent industry developments

Market shares and strategies of key players

Emerging niche segments and regional markets

An objective assessment of the trajectory of the market

Recommendations to companies for strengthening their foothold in the
market

Note: Although care has been taken to maintain the
highest levels of accuracy in TMR’s reports, recent
market/vendor-specific changes may take time to reflect in the
analysis.

Have query on this report?

Success Stories

The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.

Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.

The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.

We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.

Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.